Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
DEROY CRAIG IRWIN
  2. Issuer Name and Ticker or Trading Symbol
FIRST AMERICAN CORP [(FAF)]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President
(Last)
(First)
(Middle)
1 FIRST AMERICAN WAY
3. Date of Earliest Transaction (Month/Day/Year)
08/07/2007
(Street)

SANTA ANA, CA 92707
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/07/2007   S   500 D $ 45.44 57,799 D  
Common Stock 08/07/2007   S   3,800 D $ 45.43 53,999 D  
Common Stock 08/07/2007   S   200 D $ 45.09 43,599 D  
Common Stock 08/07/2007   S   200 D $ 45.07 43,399 D  
Common Stock 08/07/2007   S   200 D $ 45.03 43,199 D  
Common Stock 08/07/2007   S   100 D $ 45.02 43,099 D  
Common Stock 08/07/2007   S   100 D $ 45 42,999 D  
Common Stock 08/07/2007   S   9,600 D $ 44 33,399 D (1)  
Common Stock               8,622.133 I By 401(k) Plan Trust (2)
Common Stock               148.634 I By ESOP Trust (3)
Common Stock 08/07/2007   S   2,000 D $ 45.42 51,999 D  
Common Stock 08/07/2007   S   900 D $ 45.41 51,099 D  
Common Stock 08/07/2007   S   1,000 D $ 45.39 50,099 D  
Common Stock 08/07/2007   S   100 D $ 45.36 49,999 D  
Common Stock 08/07/2007   S   300 D $ 45.32 49,699 D  
Common Stock 08/07/2007   S   400 D $ 45.3 49,299 D  
Common Stock 08/07/2007   S   100 D $ 45.29 49,199 D  
Common Stock 08/07/2007   S   300 D $ 45.28 48,899 D  
Common Stock 08/07/2007   S   600 D $ 45.27 48,299 D  
Common Stock 08/07/2007   S   400 D $ 45.26 47,899 D  
Common Stock 08/07/2007   S   500 D $ 45.24 47,399 D  
Common Stock 08/07/2007   S   100 D $ 45.19 47,299 D  
Common Stock 08/07/2007   S   500 D $ 45.17 46,799 D  
Common Stock 08/07/2007   S   1,300 D $ 45.16 45,499 D  
Common Stock 08/07/2007   S   200 D $ 45.15 45,299 D  
Common Stock 08/07/2007   S   300 D $ 45.14 44,999 D  
Common Stock 08/07/2007   S   400 D $ 45.13 44,599 D  
Common Stock 08/07/2007   S   500 D $ 45.12 44,099 D  
Common Stock 08/07/2007   S   200 D $ 45.11 43,899 D  
Common Stock 08/07/2007   S   100 D $ 45.1 43,799 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 30.8             12/14/2001(4) 12/14/2010 Common Stock 5,000   5,000 D  
Employee Stock Option (right to buy) $ 18.08             12/13/2002(5) 12/13/2011 Common Stock 5,001   5,001 D  
Employee Stock Option (right to buy) $ 22.85             02/27/2004(6) 02/27/2013 Common Stock 16,796   16,796 D  
Employee Stock Option (right to buy) $ 30.56             02/26/2005(7) 02/26/2014 Common Stock 24,000   24,000 D  
Employee Stock Option (right to buy) $ 36.55             02/28/2006(8) 02/28/2015 Common Stock 65,000   65,000 D  
Employee Stock Option (right to buy) $ 47.49             12/08/2006(9) 12/08/2015 Common Stock 65,000   65,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DEROY CRAIG IRWIN
1 FIRST AMERICAN WAY
SANTA ANA, CA 92707
      President  

Signatures

 By: Jeffrey S. Robinson, Attorney In Fact for   08/09/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 33,326 shares (including shares acquired through automatic dividend reinvestment) acquired pursuant to a grant of restricted stock units, vesting in five equal annual increments commencing 3/5/08, the first anniversary of the grant.
(2) Amount shown consists of shares contributed by issuer as company match, shares purchased for my account and shares acquired through automatic reinvestment of dividends paid as reported in most recent account statement in transactions exempt under rules 16a-3(f)(1)(i)(B) and 16b-3(c).
(3) Amount shown consists of shares allocated to my account in previous years and shares acquired through automatic reinvestment of dividends paid on such previously allocated shares, as reported in most recent account statement.
(4) The option vests in five equal annual increments commencing 12/14/01, the first anniversary of the grant.
(5) The option vests in five equal annual increments commencing 12/13/02, the first anniversary of the grant.
(6) The option vests in five equal annual increments commencing 2/27/04, the first anniversary of the grant.
(7) The option vests in five equal annual increments commencing 2/26/05, the first anniversary of the grant.
(8) The option vests in five equal annual increments commencing 2/28/06, the first anniversary of the grant.
(9) The option vests in five equal annual increments commencing 12/8/06, the first anniversary of the grant.
 
Remarks:
Form 2 of 2, dated 8/7/07.

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